We know what’s coming and we are prepared.
Kentucky- Andy Beshear is a popular incumbent moderate democrat governor who's father was governor from 2007-2015. He wasn't expected to lose only a few polls show it being close, so it wasn't a surprising outcome especially when the Republican candidate was so generic and not popular especially regarding the Taylor case which led many Black's to consider him a traitor. His campaign was very mediocre with no passion. Trump's endorsement didn't help him gain support and at best helped him lose by less points than he should had. The result might be disappointed for some Republicans but doubt any were shocked by it.
Virginia - This was another race where democrats were expected to win so once again it wasn't a surprising result. Republicans had hope that the results of the 2021 Governor election could led to them gaining full control in a state where Joe Biden won by 10 points in 2020 but it seems that the current Virginian governor Glenn Youngkin wasn't able to do it. The result does destroy any possibility of Youngkin running for president at least for 2024 as he was hoping a Republican victory would vindicated his support and popularity in a heavily blue leaning state but it didn't transpire. The only bright side for Republicans in this election was that they narrowly failed to capture the state senate and also narrowly lost control of the house of delegates losing each by 2 seats. Another important thing was that Republicans here try to run a non-Maga campaign and try to be more moderate like Youngkin did in 21 but it seems it didn't help push any moderate or independents to their side.
Mississippi- Unlike Kentucky and Virginia, this race the Republicans were favorite to win. The Republican had the incumbent governor advantage and Mississippi is a deep red state. Now the race was expected to be someone competitive due to the fact that the previous governor election in 2019 was decided by Five Points which was unexpected in a deep South Red State like Mississippi. Another reason why it was considered to be competitive was because the Republic governor was being accused of corruption. The Democratic governor who is related to Elvis Presley try running a moderate campaign and try to focus on getting the youth and black vote to come out heavily for him which it seems didn't happen that's why he didn't come close to winning the race that being said the Republicans did win the race by less points than in 2019.
Ohio- Ohio wasn't having any elections, they were hurting two Deliverance regarding adding rights to abortion to the States Constitution and legalizing the usage and distribution of marijuana. Again both were expected to be approved so the result wasn't surprising and all it did was showed that the abortion issue is a losing one for the Republicans hence why Trump has been last Hardline regarding abortion unlike other Republican presidential candidates. Of course this doesn't mean that Ohio is a swing state it's been widely accepted by political pundits in the US that Ohio is a safe Republican state and it's mostly because of Trump and democrats shifting to the left on other issues.
The results of yesterday's elections has no consequences to the upcoming elections in 2024 as it showed that the polls were correct this time and the expected results happened. Also recent polling shows most Republicans candidates winning against Biden in election ahead to ahead or even with RFK Jr involved. Trump who is expected to win the GOP nomination is lead Biden by 4 points. This show that yesterday's election wasn't a referendum on Biden and his policies but mostly just focus on candidates in those specific. That's being it also shows the incompetence of the GOP leadership specifically Ronna McDaniel and Mitch McConnell who didn't help many candidates with funding or campaign. I expect calls for change in leadership whether that change will happen or not is unsure.
🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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🇨🇳🛢 How much strategic oil does the world actually have in reserve?
Global strategic crude oil inventories stood at ~2.5 BILLION barrels as of December 2025, according to the US Energy Information Administration.
China holds by far the largest stockpile at 1,397 million barrels, more than 3 times the US Strategic Petroleum Reserve of 413 million barrels, which itself sits at only 58% of its full storage capacity of 714 million barrels.
China added an average of 1.1 million barrels per day to its strategic inventories throughout 2025, with preliminary data suggesting it continued building stockpiles in early 2026 ahead of the Iran War.
Japan holds the 3rd-largest reserve at 263 million barrels, followed by OECD European countries at 179 million barrels.
Meanwhile, the US is releasing 172 million barrels from its Strategic Petroleum Reserve to suppress oil prices, part of a broader 400 million barrel coordinated release agreed by 32 IEA member nations in March.
🔗 ...
🛢 JP Morgan Warns Oil Market Out of Balance, Prices Must Rise
🔸The closure of the Strait of Hormuz, through which roughly 20% of the world’s oil flows, has removed 13.7 million barrels per day from global supply in April alone. A JP Morgan research note warns the market has no good way to replace it.
🔸Normally, spare production capacity in Saudi Arabia and the UAE acts as the market’s shock absorber. But that buffer has effectively been removed, eliminating the system’s first line of defense.
🔸With spare capacity unavailable, markets turned to inventories
➤ Global stockpiles are now being drained at ~7.1 mbd in April, an extraordinary pace, according to the note.
🔸Meanwhile, demand is collapsing because supply simply isn’t reaching users — “forced demand destruction.”The hardest hit sectors include:
▪️ Petrochemical plants across Asia are shutting down or slashing output as LPG, ethane, and naphtha flows from the Gulf collapse
▪️ Airline jet fuel ...
🛢⛽️ Global oil inventories are heading toward RECORD LOWS:
Global visible oil inventories have fallen -255 million barrels since the start of the conflict on February 27, to 7,864 million barrels.
Total estimated oil draws, including non-OECD refined products storage, have accelerated to 10.9 million barrels per day in April, the largest monthly draws on record since 2017.
Cumulative estimated draws since the start of the war now stand at 474 million barrels, with Hormuz flows holding at ~10% of normal, or 2.0 million barrels per day.
Meanwhile, even in an optimistic scenario where Strait of Hormuz flows begin recovering by late April, it is unlikely to prevent global visible inventories from reaching all-time lows, according to Goldman Sachs.
As inventories keep falling, physical oil markets are likely to require sharply higher prices for immediate delivery, since buyers cannot wait months for cheaper futures delivery when stocks are running critically low.
Goldman also warns...
